Enova (ENVA) CSO Kirk Chartier Receives SAR/Option Award

What Happened

• Kirk Chartier, Chief Strategy Officer of Enova International (ENVA), received a grant recorded as 2,095 derivative shares on August 5, 2026. The transaction is reported as an award/grant (code A) with a $0.00 purchase price—i.e., no cash changed hands at grant.
• This award consists of a limited stock appreciation right (SAR) granted in tandem with an employee stock option; exercising one causes the other to expire. The SAR/option package is contingent and not an immediate sale or cash exercise.

Key Details

• Transaction date: August 5, 2026; Filing date: August 7, 2026 (appears timely).
• Reported terms: 2,095 shares @ $0.00 (derivative award).
• Shares owned after transaction: Not disclosed in the filing.
• Notable footnotes:
  • The SAR and option were granted together; exercise of one cancels the other.
  • The SAR is exercisable only following a Change in Control and only during the 30-day period after that event; any payout equals (Offer Value Per Share − exercise price) × number of shares and is payable only if an “Offer” occurs.
  • “Offer Value Per Share” is the average selling price over the 30 days ending on the exercise date; “Offer” is defined as certain tender/exchange offers for ≥30% voting power or asset purchase offers meeting a 40% threshold (not including offers by the issuer).
  • The related options vest in roughly equal one‑third installments on Aug 5 of 2027, 2028 and 2029, subject to continued service.

Context

• This is a derivative award (SAR/option) rather than an outright share purchase or sale. Payout depends on future corporate events (change in control/offer) and on the option exercise price; it does not signal an immediate acquisition of tradable shares.